Mitchell Mcleod Pugh & Williams Inc. Has $2.87 Million Stock Holdings in American Express (NYSE:AXP)

Mitchell Mcleod Pugh & Williams Inc. trimmed its holdings in American Express (NYSE:AXP - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,652 shares of the payment services company's stock after selling 1,933 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.'s holdings in American Express were worth $2,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AXP. Prospera Private Wealth LLC acquired a new position in shares of American Express in the 3rd quarter worth $27,000. Kennebec Savings Bank acquired a new position in shares of American Express in the 3rd quarter valued at $29,000. True Wealth Design LLC increased its stake in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company's stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in American Express in the 3rd quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Express during the 3rd quarter worth about $46,000. Institutional investors own 84.33% of the company's stock.

American Express Stock Performance

Shares of NYSE:AXP traded up $1.27 on Monday, hitting $312.75. 2,180,554 shares of the company were exchanged, compared to its average volume of 2,022,091. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The company's 50 day moving average price is $299.26 and its two-hundred day moving average price is $272.24. American Express has a one year low of $177.81 and a one year high of $315.40. The firm has a market capitalization of $220.32 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.38 and a beta of 1.23.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm had revenue of $16.64 billion during the quarter, compared to analysts' expectations of $16.68 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts expect that American Express will post 13.48 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express's payout ratio is 20.60%.

Analyst Ratings Changes

AXP has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on American Express from $300.00 to $340.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Evercore ISI raised their price target on American Express from $275.00 to $290.00 and gave the stock an "in-line" rating in a research note on Monday, October 7th. BTIG Research downgraded shares of American Express from a "neutral" rating to a "sell" rating and set a $230.00 target price for the company. in a research report on Tuesday, October 8th. Barclays raised their price target on shares of American Express from $250.00 to $257.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Finally, Truist Financial began coverage on shares of American Express in a report on Tuesday, January 7th. They issued a "buy" rating and a $350.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $278.09.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company's stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,998 shares of company stock valued at $26,423,439 over the last ninety days. 0.11% of the stock is owned by company insiders.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.